Q3 2023
Supply Chain Outlook

Raiven has gathered and analyzed market research data from the electrical industry to provide a forecast on what to expect in Q3 2023.

Open Outlook

Projecting Continued Stabilization

Current conditions support a continued stabilization of pricing through the end of the year, notwithstanding a possible 1-2% increase in Q3. 2024 appears to favor deeper market softening over expansion given the ripple effects of interest rates on project decisions and associated backlogs. Election years traditionally see a hesitation for large investment, however, the Inflation Reduction Act initiatives that are gaining traction could serve to generate net growth in the electrical sector.

To learn more open the free Q3 2023 Electrical Supply Chain Outlook. Some of the highlights include:

  • Copper Watch: Supply of copper is decreasing while demand is expected to double by 2035. 
  • How are material lead times?
  • Switchgear & Product Lead Time Updates
  • Critical Market Conditions to Watch in Q2/Q3

How will these and other pricing trends effect contractors buying electrical supplies? How will this impact consumers wanting electrical projects completed? Open the Electrical Supply Chain Outlook for Q3 2023 to find out.